# T. Rowe Price New Horizons Fund (PRNHX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prnhx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Equity - Strategy: Actively Managed · Inception: 1980-01-02 This fund's primary objective is to achieve substantial capital appreciation over the long term. It predominantly allocates capital to a diverse array of smaller, developing companies, particularly those in their formative stages, well before they gain widespread attention from investors. Furthermore, the fund has the flexibility to acquire stakes in businesses exhibiting potential for accelerated profit expansion, driven by factors such as revitalized leadership, innovative product introductions, or significant shifts in the economic landscape. ## Key Facts | Metric | Value | |---|---| | Price | $54.90 | | Expense Ratio | 0.80% | | Assets Under Management | $22.66B | | NAV | $54.90 | | Holdings Count | — | | Distribution Yield (TTM) | 11.16% | | Annual Distribution (TTM) | $6.13 /share | | Distribution Frequency | Annual | | 52-Week Range | $48.95 – $61.64 | | Beta | 1.07 | ## Latest Distribution - Amount: $6.1277 /share - Ex-date: 2025-12-11 - Pay date: 2025-12-12 ## Frequently Asked Questions ### What does PRNHX invest in? This fund's primary objective is to achieve substantial capital appreciation over the long term. It predominantly allocates capital to a diverse array of smaller, developing companies, particularly those in their formative stages, well before they gain widespread attention from investors. Furthermore, the fund has the flexibility to acquire stakes in businesses exhibiting potential for accelerated profit expansion, driven by factors such as revitalized leadership, innovative product introductions, or significant shifts in the economic landscape. ### What is the expense ratio of PRNHX? T. Rowe Price New Horizons Fund (PRNHX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PRNHX? T. Rowe Price New Horizons Fund (PRNHX) manages $22.66B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PRNHX actively managed or an index fund? PRNHX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRNHX's is 0.80%) in exchange for the discretion to over- or under-weight positions. ### When was PRNHX launched? T. Rowe Price New Horizons Fund (PRNHX) launched in January 1980 and is managed by T. Rowe Price. ### How has PRNHX performed? PRNHX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PRNHX pay a dividend? T. Rowe Price New Horizons Fund (PRNHX) currently distributes little or no income. Trailing-twelve-month yield is 11.16%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PRNHX pay dividends? T. Rowe Price New Horizons Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PRNHX's dividend yield? PRNHX's trailing-twelve-month yield is 11.16%, calculated from the sum of dividends over the past year divided by the current price. ### When is PRNHX's next ex-dividend date? The most recently announced ex-dividend date for PRNHX was 2025-12-11. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will PRNHX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.80% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PRNHX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRNHX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PRNHX cost more than a fund like VOO? PRNHX is actively managed (current expense ratio 0.80%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PRNHX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRNHX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRNHX (0.80%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/prnhx - Distribution history: https://www.dividenddata.com/funds/prnhx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prnhx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prnhx/expenses - Peer comparison: https://www.dividenddata.com/funds/prnhx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.